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Google to Buy Nest Labs for $3.2 Billion

Tony Fadell, the founder and chief executive of Nest, holding up his company's Protect smoke alarm. Peter DaSilva for The New York Times

Google agreed to buy Nest Labs on Monday, in a $3.2 billion deal that will expand the technology giant’s portfolio of consumer goods.

Nest Labs, a start-up led by former Apple engineers, has been aiming to reinvent common household devices like thermostats and smoke alarms.

“Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family,” said Larry Page, the chief executive of Google. “They’re already delivering amazing products you can buy right now â€" thermostats that save energy and smoke/CO alarms that can help keep your family safe.”